Medical Properties Trust (NYSE:MPW) Shares Gap Down to $18.29

Medical Properties Trust, Inc. (NYSE:MPW)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $19.08, but opened at $18.29. Medical Properties Trust shares last traded at $17.86, with a volume of 41,779,680 shares changing hands.

A number of research analysts have weighed in on the stock. SunTrust Banks raised shares of Medical Properties Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $19.00 to $20.00 in a research note on Tuesday, July 2nd. Zacks Investment Research raised shares of Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. Finally, Deutsche Bank raised their price objective on shares of Welltower from $61.00 to $71.00 and gave the company a “hold” rating in a research note on Friday, March 29th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $18.06.

The firm has a market capitalization of $7.21 billion, a PE ratio of 13.04, a P/E/G ratio of 3.42 and a beta of 0.59. The company’s 50 day simple moving average is $18.05. The company has a debt-to-equity ratio of 0.82, a current ratio of 9.37 and a quick ratio of 9.37.

Medical Properties Trust (NYSE:MPW) last released its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Medical Properties Trust had a net margin of 131.84% and a return on equity of 7.98%. The firm had revenue of $180.45 million for the quarter, compared to the consensus estimate of $182.00 million. During the same period in the previous year, the business earned $0.36 earnings per share. The firm’s revenue for the quarter was down 12.0% on a year-over-year basis. Research analysts expect that Medical Properties Trust, Inc. will post 1.35 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 11th. Investors of record on Thursday, June 13th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date of this dividend was Wednesday, June 12th. Medical Properties Trust’s payout ratio is currently 72.99%.

In related news, Director Michael G. Stewart sold 6,830 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $18.47, for a total transaction of $126,150.10. Following the transaction, the director now directly owns 224,615 shares of the company’s stock, valued at $4,148,639.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.18% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MPW. PNC Financial Services Group Inc. lifted its holdings in shares of Medical Properties Trust by 26.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 33,243 shares of the real estate investment trust’s stock valued at $533,000 after purchasing an additional 6,856 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Medical Properties Trust by 9.8% in the fourth quarter. Great West Life Assurance Co. Can now owns 277,165 shares of the real estate investment trust’s stock valued at $4,182,000 after purchasing an additional 24,717 shares in the last quarter. United Services Automobile Association lifted its holdings in shares of Medical Properties Trust by 17.0% in the fourth quarter. United Services Automobile Association now owns 65,040 shares of the real estate investment trust’s stock valued at $1,046,000 after purchasing an additional 9,458 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Medical Properties Trust by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,704,888 shares of the real estate investment trust’s stock valued at $91,734,000 after purchasing an additional 102,274 shares in the last quarter. Finally, Natixis Advisors L.P. purchased a new stake in shares of Medical Properties Trust in the fourth quarter valued at $211,000. 80.62% of the stock is currently owned by institutional investors.

Medical Properties Trust Company Profile (NYSE:MPW)

Medical Properties Trust, Inc is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. MPT's financing model helps facilitate acquisitions and recapitalizations and allows operators of hospitals and other healthcare facilities to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.

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